Netskope (NASDAQ:NTSK) Research Coverage Started at Cantor Fitzgerald

Cantor Fitzgerald initiated coverage on shares of Netskope (NASDAQ:NTSK) in a report issued on Wednesday, MarketBeat.com reports. The brokerage issued an overweight rating and a $28.00 price target on the stock.

A number of other brokerages have also recently weighed in on NTSK. Royal Bank Of Canada upped their price objective on Netskope from $18.00 to $20.00 and gave the stock an “outperform” rating in a research note on Thursday, September 3rd. KeyCorp lifted their price objective on shares of Netskope from $16.00 to $17.50 and gave the stock an “overweight” rating in a research report on Friday, August 21st. TD Cowen restated a “buy” rating and set a $19.00 target price on shares of Netskope in a report on Monday, August 17th. Rosenblatt Securities lifted their price objective on shares of Netskope from $18.00 to $19.00 and gave the stock a “buy” rating in a research report on Thursday, September 3rd. Finally, BMO Capital Markets raised their price objective on shares of Netskope from $13.00 to $18.00 and gave the company an “outperform” rating in a research report on Thursday, September 3rd. Two equities research analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $19.66.

Netskope Price Performance

Shares of NASDAQ:NTSK opened at $21.30 on Wednesday. Netskope has a 1-year low of $7.66 and a 1-year high of $26.71. The company has a debt-to-equity ratio of 4.45, a current ratio of 2.01 and a quick ratio of 2.00. The firm’s 50 day simple moving average is $19.12 and its two-hundred day simple moving average is $13.40. The company has a market capitalization of $8.70 billion, a P/E ratio of -8.35 and a beta of 2.43.

Netskope (NASDAQ:NTSK) last announced its earnings results on Wednesday, September 2nd. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.26) by $0.23. The company had revenue of $220.54 million for the quarter. Netskope had a negative net margin of 91.84% and a negative return on equity of 83.84%. Netskope has set its FY 2027 guidance at -0.150–0.150 EPS and its Q3 2027 guidance at -0.040–0.030 EPS. Research analysts expect that Netskope will post -0.82 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, major shareholder Lightspeed Venture Partners Se sold 10,621 shares of the stock in a transaction dated Friday, September 11th. The stock was sold at an average price of $14.90, for a total value of $158,252.90. The sale was disclosed in a document filed with the SEC, which is available through this link. 25.52% of the stock is owned by insiders.

Hedge Funds Weigh In On Netskope

A number of hedge funds have recently added to or reduced their stakes in the company. Napean Trading & Investment Co Singapore PTE Ltd acquired a new position in Netskope during the 3rd quarter worth approximately $1,311,000. Russell Investments Group Ltd. boosted its stake in Netskope by 306.0% during the third quarter. Russell Investments Group Ltd. now owns 817,612 shares of the company’s stock valued at $14,259,000 after buying an additional 616,225 shares during the last quarter. Lisanti Capital Growth LLC acquired a new position in Netskope during the 3rd quarter valued at approximately $4,740,000. Ritholtz Wealth Management acquired a new stake in Netskope during the third quarter worth about $611,000. Finally, Penn Capital Management Company LLC acquired a new position in Netskope in the third quarter valued at approximately $16,158,000.

Netskope Company Profile

Netskope, Inc is a cybersecurity company that provides cloud-based security and networking solutions for organizations operating in cloud, web, data center and remote-work environments. Its platform is designed to help enterprises protect data, applications and users while providing visibility and control across distributed information-technology environments.

The company’s Netskope One platform brings together security service edge (SSE) and secure access service edge (SASE) capabilities.